Univest Corporation of Pennsylvania

Construction Loan Coordinator

3 months ago
Job ID
# Positions


• Maintain builder review log
• Run Lexis Nexis on builder, call all references (contact reference up to 3 times), and collect builder’s insurance and license
• Before submitting, making sure all documents are received and all references are there
• Maintain Construction loan tracking log
• Set up Construction Draw file upon loan closing (1st Mtg CTP and Consumer HELOC)
• Open any borrower escrow account if funds were required at closing
• Manage all draws during the construction phase
• Track lock expiration dates for Construction I/O period and prepare Loan Modification Agreement for any extensions needed. Work with Loan Officer to ensure work is done in a timely manner
• Order Inspections upon receipt of draw request from borrower and builder
• Verify all documentation necessary for draw requests is received
• Verify draw requests match draw schedule approved by underwriter and work with builder, borrower and Manager if discrepancies exist
• Review inspections when received and prepare paperwork necessary for approval to release funds
• Disburse funds via checks or wires to borrower and builder
• Prepare General Ledger entries for disbursement of funds
• Copy disbursement package and upload into LOS for 1st mtgs and into”X” drive for both 1st mortgages and Consumer HELOCS
• Prepare Final Loan Modification Agreement for 1st mortgages upon completion to convert to permanent mortgage
• Work with Loan delivery department to coordinate Final Loan Modification Agreement is received prior to lock expiration date for Agency loans
• Work with Loan Servicing on Consumer construction HELOC’s to notify when a draw is disbursed as well as final completion
• Work with underwriting department if re-qualification is needed for 1st mortgages prior to loan conversion
• Prepare Escrow Agreement for Repairs when needed for closing
• Open escrow account when funds are received
• Notify Loan Delivery of escrow holdback
• Monitor completion of repairs according to Escrow Agreement dates
• Order inspection upon completion of repairs
• Review inspection with Underwriter for approval to release escrow funds
• Release Escrow funds per Escrow Agreement
• Manage Escrow repair accounts for 203k draws
• Perform additional duties as assigned
• Responsible for compliance with laws and regulations that apply to this position, including the Univest Code of Conduct


• High School diploma or equivalent, college graduate a plus
• 3+ years prior experience in a residential mortgage production capacity
• Previous experience in construction lending strongly preferred
• Must demonstrate an ability to prioritize well and work in a fast-paced, sometimes stressful environment while interacting with customers, builders, and other mortgage staff
• Must possess a strong attention to detail, be well organized and conscientious
• Demonstrated ability to identify, and resolve problems collaboratively and independently
• Knowledge of real estate lending practices a plus, particularly Construction and renovation loans
• Knowledge of Encompass and Jack Henry systems preferred
• Must be able to communicate effectively and efficiently with sales staff along with builders, customers and mortgage staff
• Motivated professional who strives to exceed customer expectations
• Demonstrated ability to work within time limitations
• Strong math skills required


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